Insurance Data Meet To Be Held in Hyderabad and Other Top Insurance News

Hyderabad will play host to a two-day, annual conclave of Insurance Information and Ratemaking Forum of Asia, from May 26, being organized by the Insurance Information Bureau (IIB) of India.

LIC is beginning to exploit its ownership to expand its own business which is becoming intensely competitive. And the target is Axis Bank.

The state-run insurer, which owns about 15% in the lender, is nudging the bank to sell insurance policies offered by it through its more than 2,500 branches

Revised IPO guidelines will be issued soon for insurers as some of them are keep to tap this route, regulatorIRDAI Chairman T S Vijayan said today while pegging the total foreign investment in sector at Rs 15,000 crore in the last one year due to increase in FDI limit.

Launched with much fanfare, the Punjab government’s cashless health insurance schemes for those below poverty line, small farmers and traders and the government employees and pensioners are beset with operational problems.

Playing to the Swadeshi tune, the Insurance Regulatory & Development Authority of India ( IRDAI ) has ordered Universal Sompo General Insurance Company’s managing director Taketoshi Nagaoka to step down immediately due to his foreign origin.

The insurance behemoth Life Insurance Corporation of India (LIC) aims to double its business, in terms of new policy issuance, to four crore in the current financial year.

Insurance regulator on Wednesday released comprehensive corporate governance guidelines, including a cap on salary of CEOs and policy on whistle blowers.

Nearly 50,000 families having at least one member in government service will be barred from availing benefits under the health insurance scheme – Deen Dayal Swasthya Seva Yojana – set to be launched on May 30.